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Hi All, If a person purchased an OTP apartment and intended to live in it as the PPOR (upon settlement), but instead decided to resell it (because he found a better property) and made $100k on the upside, would CGT apply? Thank you.

Hi All, Are banks putting in LVR caps for residential properties anytime soon (both new settlements and refi)? Nervous:( Thank you.

Hi All, Does anyone know if Hong Kong has the equivalent of a "caveat" in order to claim/protect an interest in land? I'm finding it difficult to find such material online as I can't speak nor read Chinese :( Thank you.

Hi All, What is the most effective way to move a property (mortgaged by a bank) from a fixed unit trust to the director of the corporate trustee (whom is also the sole beneficiary)? What costs are involved? Thank you.

Hi All, Any non-Koreans here have experience in obtaining a residential mortgage in South Korea? I can't seem to find anyone who has knowledge of this area! (Note: In Korea, tenants can pay landlords a lump-sum deposit equivalent to up to 80% of the value of your property:eek:. However, in...

Hi All, If I paid LMI on a 90% LVR borrowing, but the property increased in value by 10% (and thus at 80% LVR now) within a year, would the bank/mortgage insurers refund all or part of the LMI to me? Thank you :)

Hi All, Does anyone know of banks which can provide home loans in personal names but with the title of the property in the name of the corporate trustee (ATF a unit trust)? I only know CBA so far...:( Thank you.

Hi All, Scenario - A normal residential apartment in Sydney metro achieves a rent of $440/wk, however by leasing it out as a corporate/short-term accommodation, it can achieve around $750/wk. If leased out as corporate accommodation, will it affect the borrower's capacity to finance future...

Hi All, Peppers haven't earned the best reputation in the home loan industry, however they seem to have entered the prime home loan space with competitive rates. Anyone brokered one of these prime loans for your clients or used them personally? Do they charge excessive LMI? What are your...

Hi All, For a new home build (NSW), do you recommend getting the land & construction loan (90% lend, $800k purchase price) together? Or separately? From some calculations, it looks cheaper in terms of LMI to separate these loans (i.e. two lots of $360k loans, instead of a big $720k loan)...

Hi All, I am interested to know if there are any floor plans/house designs which features a double storey 4-bed home with an integrated 2-bed granny flat to fit a flat piece of land of 450sqm with a 13.5m frontage (Sydney). It seems quite rare on the internet, although I was able to find a...

Hi All, There is a lot of talk about Parramatta becoming the 5th largest city, billions of dollars of government investment, WestConnex, light rail, etc etc. However, what do you think about all these new Parra CBD apartments going on sale for around the $500k+ mark for 1-bedders (settling...

Hi All, Just wondering if anyone has a VedaScore of around 1000 or more? If so, can you give us curious people some tips on how you achieved it?? I wonder what's an average score?? 600?? ;)

Hi All, A friend owns properties in a fixed unit trust (in which she owns 100% of the units). The home loans are in her personal name for purchasing the units in the trust but secured/guaranteed by the trust and the properties. In this scenario, is it possible to negatively gear the losses...

Hi All, Scenario: Person A is the sole director of a corporate trustee with a fixed unit trust (in which she owns all of the trust units). The unit trust owns properties in which the "borrower" is the company but she provided personal guarantees for each of the bank loans. When she applies...

Hi All, The draft NCCP Credit Reform Phase 2 seeks to regulate lending to small businesses. How do you think this will impact solicitors/lenders who provide such loans? What about our poor little small businesses who need help? May dry them up...:(

Hi All, Do I incur stamp duty from my end if I on sell an off the plan apartment (which hasn't settled yet)? Thank you.

Hi All, In NSW, if an amount is to be advanced to a borrower, how long does it generally take to register a 2nd mortgage on their property? Do we need consent from the 1st mortgagee (e.g. a bank) before it can be registered? Are we necessarily required by the 1st mortgagee to enter into...

Hi Admin, I have attempted to contact you twice to delete an old post on Somersoft but with no luck. Why aren't you allowing me to remove my own thread? I can again state my reasons for removing this post to you via PM if you need. Thank you.

Meriton's finance arm offers vendor finance of up to 90% of the purchase price on a 2 year fixed interest only loan - with no valuations, no LMI, no brokerage fees and no early payout penalty fees. If we get credit checked by Meriton finance, how would it affect future lender's perception of...